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Metals Stocks: Gold prices slide as dollar continues to climb

Gold prices fell Tuesday, pulled lower as the dollar continued to rebound from a recent spate of selling.

April gold GCJ8, -1.11% fell $16.10, or 1.2%, to $1,340.20 an ounce in electronic trading, while March silver SIH8, -1.60% dropped 26 cents, or 1.6%, to $16.45 an ounce.

Precious metals lost ground as the dollar climbed. The ICE Dollar Index DXY, +0.33% was up 0.6% to 89.596, as the greenback made strides against the euro, pound and yen. A weaker dollar can boost commodities priced in dollars, because it makes them cheaper to buy for holders of other currencies.

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